The failures of Silicon Valley Bank and Signature Bank have sent ripples across the industry and country. But have no fear: Your money is safe at Gateway Bank in Mesa. Here is a message from Gateway President & CEO James Christensen for our customers and community. If you have any questions, our local team is always here. Call us directly at 480-358-1000….(read more)

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As the President of Gateway Bank, I feel it is important to address the recent bank failures that have been making headlines in the news. It is a concerning development for both customers and the banking industry as a whole, and I want to assure our customers that Gateway Bank is committed to maintaining a strong and stable financial institution.

The recent bank failures have raised questions and concerns about the safety and security of the banking system. It is important to understand that while these failures are troubling, they are also rare occurrences in the broader context of the banking industry. The vast majority of banks, including Gateway Bank, are well-capitalized and financially sound.

At Gateway Bank, we prioritize the safety and security of our customers’ deposits. We adhere to strict regulatory guidelines and maintain a strong financial position to ensure that our customers’ funds are protected. In addition, we continuously monitor and assess potential risks to our business in order to mitigate any potential threats.

It is also important to remember that the Federal Deposit Insurance Corporation (FDIC) provides deposit insurance for up to $250,000 per depositor. This means that in the unlikely event of a bank failure, customers’ deposits are protected up to the specified limit. This safety net provides an added layer of security and peace of mind for our customers.

In light of the recent bank failures, it is natural for customers to have concerns about the stability of their financial institutions. However, I want to reiterate that Gateway Bank is financially strong, well-capitalized, and committed to upholding the highest standards of integrity and transparency in our operations.

In these uncertain times, it is more important than ever for customers to stay informed and engaged with their financial institutions. I encourage our customers to reach out to us with any questions or concerns they may have about the recent bank failures or the safety of their deposits. We are here to provide support and reassurance to our valued customers.

As the President of Gateway Bank, I want to emphasize that we take the responsibility of safeguarding our customers’ deposits very seriously. Our commitment to maintaining a stable and secure banking environment remains unwavering, and we will continue to uphold our values and responsibilities to our customers.

Thank you for your continued trust and loyalty to Gateway Bank. We are dedicated to serving our customers and community with excellence, and we will continue to work diligently to maintain the trust and confidence of our customers.